re: cazenove - report Oilseap,
Short sellers have cornered themselves by selling 4.99 million shares in HDR as at the close of trade yesterday. Their liability is $499,000 for each 10 cents move up in HDR. Looking at your valuation of $3.99 per HDR share and realising that even this is based on the lowest oil reserves that one can sensibly estimate, the shorts are going to pay a premium to re-purchase.
Cazenove will be buying against them.
HDR
hardman resources limited
re: cazenove - report Oilseap, Short sellers have cornered...
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